Multi-Year Licensing Agreement Signed by Ernst & Young

One of the world's leading professional services organizations, Ernst & Young, has renewed their multi-year licensing agreement with Approva® Corporation (Approva BizRights® Controls Intelligence Platform and Process Insights suite).

Global Leader for the Technology and Security Risk Services, Paul van Kessel, declared: "Ernst & Young believes that continuous controls and transaction monitoring are going to be critical components of enterprise risk management and compliance efforts." He added: "We believe that automation of this kind of monitoring will create more business insight, will help identify errors in financial and business processes and will simplify companies' compliance ecafforts, all resulting in a stronger control environment and a more competitive position in the market."

Approva software will specifically benefit companies in:

- Creating a repeatable and sustainable audit and compliance management process: The biggest advantage of a controls intelligence strategy that is strongly aligned with your external auditors is that it builds a streamlined audit process. More efficient year-end audits are the result of having a common technology platform that the auditor and auditee employ for controls testing. Using the standardized controls intelligence platform such as Approva BizRights, the client companies are able to better fulfill auditor requirements.

- Leveraging the dual benefits of expert advice backed by proven compliance solutions: The right balance of people, process and technology is incorporated by a successful GRC plan. External auditors' teams of highly experienced professionals help companies meet audit and compliance goals. Companies with external auditors using Approva's software - like Ernst & Young - will also benefit from the proven Approva BizRights controls intelligence software that accelerates their compliance efficiency.

Prashanth "PV" Boccasam, Chairman and CEO, Approva Corporation stated: "Approva is delighted to power a new and a high-growth business area for Ernst & Young." He continued: "Ernst & Young is a recognized leader in this sector and we are proud to be selected as the vendor of choice for their risk advisory efforts."